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301-305 SE 14th Street 2 Properties Offered at $1,000,000 in Grand Prairie, TX
INVESTMENT HIGHLIGHTS
- - Address: 301 & 305 SE 14th Street, Grand Prairie, TX 75051 - Type: Commercial - Lot Size: 17,511 SF - Building Size: 11,120 SF - Year Built: 1951
- - Prime Location: Located near SE 14th Street and E Main Street, with quick access to Highway 161 and I-30.
- - Growing Market: Grand Prairie maintains steady commercial growth within the Dallas- Fort Worth Metroplex.
- - Asking Price: $1,000,000 for both properties - Occupancy: Partially occupied - Parking: 12 spaces
- - Versatile Commercial Use: Suitable for office, beauty salon, retail, warehouse or other service-based businesses.
- - Owner-User or Investment Play: Ideal for business ownership or an investor seeking repositioning opportunities.
EXECUTIVE SUMMARY
Located in the heart of Grand Prairie, Texas, these two adjacent properties offer an excellent opportunity for investment or for establishing a business with strong visibility and convenient access. The SE 14th Street location places the properties in a well-connected commercial area with proximity to major traffic routes and the local market!
Key Features:
-Versatile commercial use: Both properties are suitable for offices, medical or professional services, retail, or a mixed-use configuration.
-Strategic location: Grand Prairie is a growing city with a strong local economy and consistent demand for commercial real estate.
-Competitive market: Retail spaces in Grand Prairie lease for an average of approximately $15.17 per square foot annually
-Flexible for upgrades or redevelopment: The properties can be customized to suit a tenant’s or owner’s business needs, benefiting from the city’s adaptable commercial environment.
Additional Highlights:
Business-friendly city: Grand Prairie actively promotes available commercial land and properties, fostering a favorable climate for new and expanding businesses.
-Active investment area: There are numerous listings for commercial properties for sale or lease in the city, indicating a healthy, liquid market.
-Value-add potential: Depending on the condition of the buildings, renovations or re-tenanting could enhance both property value and rental income.
Key Features:
-Versatile commercial use: Both properties are suitable for offices, medical or professional services, retail, or a mixed-use configuration.
-Strategic location: Grand Prairie is a growing city with a strong local economy and consistent demand for commercial real estate.
-Competitive market: Retail spaces in Grand Prairie lease for an average of approximately $15.17 per square foot annually
-Flexible for upgrades or redevelopment: The properties can be customized to suit a tenant’s or owner’s business needs, benefiting from the city’s adaptable commercial environment.
Additional Highlights:
Business-friendly city: Grand Prairie actively promotes available commercial land and properties, fostering a favorable climate for new and expanding businesses.
-Active investment area: There are numerous listings for commercial properties for sale or lease in the city, indicating a healthy, liquid market.
-Value-add potential: Depending on the condition of the buildings, renovations or re-tenanting could enhance both property value and rental income.
DATA ROOM Click Here to Access
TAXES & OPERATING EXPENSES (ACTUAL - 2024) |
ANNUAL |
|---|---|
| Gross Rental Income |
$24,000
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
$24,000
|
| Taxes |
$10,480
|
| Operating Expenses |
-
|
| Total Expenses |
$10,480
|
| Net Operating Income |
-
|
TAXES & OPERATING EXPENSES (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $24,000 |
| Other Income | |
|---|---|
| Annual | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Effective Gross Income | |
|---|---|
| Annual | $24,000 |
| Taxes | |
|---|---|
| Annual | $10,480 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Total Expenses | |
|---|---|
| Annual | $10,480 |
| Net Operating Income | |
|---|---|
| Annual | - |
PROPERTY FACTS
| Price | $1,000,000 | Status | Active |
| Price / SF | $89.93 / SF | Number of Properties | 2 |
| Sale Condition | Bulk/Portfolio Sale | Individually For Sale | 0 |
| Cap Rate | 2.40% | Total Building Size | 11,120 SF |
| Sale Type | Investment or Owner User | Total Land Area | 0.75 AC |
| Price | $1,000,000 |
| Price / SF | $89.93 / SF |
| Sale Condition | Bulk/Portfolio Sale |
| Cap Rate | 2.40% |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 11,120 SF |
| Total Land Area | 0.75 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 305 SE 14th St, Grand Prairie, TX 75051 | Industrial | 6,000 SF | 1960 | - |
| 301 SE 14th St, Grand Prairie, TX 75051 | Office | 5,120 SF | 1951 | - |
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Presented by
Oscar Verdin & Associates Real
301-305 SE 14th Street
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